The Buffalo Bills franchise is up for sale after the death of longtime owner Ralph Wilson back in March. Earlier in the month, ESPN’s Sal Paolantonio stated that the Bills franchise is expected to sell for at least $1.1 billion.
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That number is astounding, especially when you consider the fact that Forbes valued the Bills franchise recently at $870 million, which is 30th among 32 NFL franchises.
With a few weeks past since the initial bids for the Bills were made, let’s take a look at the offers thus far:
Bills offers, according to @Forbes: Terry Pegula ($890M), Bon Jovi/MLSE ($820M), Trump ($809M)
— Darren Rovell (@darrenrovell) August 22, 2014
As of now it seems that the $1.1 billion expected for the team sale will likely not be eclipsed unless any of the three men engage in a bidding war.
With the franchise up for grabs, many Bills fans are worried that their beloved team will be bought, and subsequently moved to another city. In fact, documents revealed last week that Bon Jovi, and the ‘Toronto Group’ he is involved with, had plans to move the Bills franchise to Toronto as soon as possible.
Although Bon Jovi publicly stated he has no interest in moving the team, 13,000 petitions against the prospective ownership of Bon Jovi and the Toronto Group’ were signed by Bills fans at training camp earlier this week.
The citizens of Buffalo and the fans of the Bills want an owner that cares about the Bills staying in Buffalo and continuing Ralph Wilson’s legacy. Whether that owner is Terry Pegula, Donald Trump, or someone else remains to be seen.